Luxurynsight and Heuritech, two French AI & Data Leaders unite to unlock next-level Data Intelligence
As from November 2024, Heuritech has officially joined the Luxurynsight Group. This strategic operation marks a major stepstone to provide a more complete AI offer and fulfill its ambition to become the global data intelligence provider for decision makers in the luxury, fashion and beauty industries.
This union reinforces tools to predict both demand and offer. Luxurynsight's expertise in market intelligence combined with Heuritech’s cutting-edge demand prediction technologies create a powerful, all-encompassing solution for professionals across the industry to better informed, data-driven decisions.
Luxurynsight built its reputation as the trusted data partner for prestigious groups and maisons such as LVMH, Kering, Richemont, L’Oréal, Dior, Bulgari, Balenciaga etc.
Heuritech is a French pioneer in AI. First recipient of the VivaTech LVMH Innovation Award, it bridges the gap between AI and business by empowering brands such as New Balance, Prada or Decathlon to forecast demand and trends based on 3 million social media images analyzed per day.
“The addition of Heuritech AI-powered product recognition and trend forecasting strengthens our ability to provide a full 360-degree view of market dynamics and consumer behaviors, enhancing our clients' competitive edge" said Jonathan Siboni, CEO of Luxurynsight.
Elaia and Serena investment funds are happy and proud to join Luxurynsight's shareholder base alongside historic strategic shareholders, such as Christian Blanckaert (ex EVP of Hermès), Stanislas de Quercize (ex CEO of Cartier), Isabelle Gex (ex President of Shiseido Fragrance), Pierre Denis (ex CEO of Jimmy Choo), Boris Collardi (ex Managing Partner of Pictet, ex CEO of Julius Baer).
Luxurynsight and Heuritech are very excited about the future and dedicated to continue delivering actionable insights clients increasingly need to stay ahead in a very fast-evolving market.
About Luxurynsight - Luxurynsight provides a suite of AI-powered SaaS platforms to over 50 luxury, fashion and beauty Groups, Maisons and retailers. It supports them in unparalleled data-driven analytics to optimize decision making in Competitive Intelligence and Marketing (LY News, LY Watch), Pricing (LY Price), Retail (LY Retail) or Investment.
About Heuritech - Heuritech developed a world leading AI-based visual recognition technology and forecasting model for fashion brands. First recipient of the VivaTech LVMH Innovation Award, its SaaS platform brings the largest, most scalable dataset and most accurate forecast model for brands to quantify and predict what people wear by market and typology (products, colors, etc.).
